Flow Water: Q3 Earnings Bounce Back From Q2 Poor Showing
Flow Beverage announced a reversal of fortune in its Q3 2022 earnings reporting a consolidated net revenue of CAN$12.7 million in Q3, a 79% improvement from the Q2 and 36% higher than Q3 2021.
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This Week’s New Products: National Recovery Month-Inspired Yerba Matés & Glow-Up Kombucha
In this week’s roundup of new products, CLEAN Cause takes inspiration from National Recovery Month, REDCON1 splashes into the energy drink set and Health-Ade gives consumers a glow up with its new kombuchas.
Vanessa Dew Named Interim CEO of Health-Ade Kombucha
Co-founder Vanessa Dew has been named interim CEO of Health-Ade Kombucha, following the departure of chief executive Jack Belsito earlier this summer, the company has confirmed. Co-founder and Chief Mission Officer Daina Trout told BevNET this week that Dew is stepping into the position after Belsito chose to move on from the brand after spending about a year as its CEO.
Tentative Deal Reached to Avert Railroad Strike
A tentative deal between the remaining two railroad worker unions and the rail carriers has been reached. Early Thursday morning, U.S. Department of Labor Secretary Marty Walsh tweeted that ”a tentative agreement that balances the needs of workers, businesses, and our nation’s economy” had been agreed upon by the rail companies and union negotiators.
GURU: Net Sales -3.75% in Q3; Driving Brand Awareness is ‘Ultimate Goal’
Quebec-based energy drink brand GURU Organic Energy Corp. reported quarterly net revenue of CAD$7.7 million, down 3.75% from CAD$8 million in 2021, in its fiscal year Q3 earnings report yesterday.
High End Dry: Retail Startup Sèchey Promotes Non-Alc Category with Boutiques
As consumers continue to cut their alcohol intake and embrace zero proof alternatives, startup retailer Sèchey is working to ensure that shoppers looking for non-alc beer, wine and spirits don’t get hung out to dry. Founded in 2021 by CEO Emily Heintz, Sèchey (French for ‘dry’) is a South Carolina-based retailer specializing in non-alcoholic beverage alternatives.
Fever-Tree Quietly Acquires Powell & Mahoney Cocktail Mixers
Fever-Tree expands its reach in the U.S. by widening its portfolio of non-carbonated beverages with the acquisition of craft mixer maker Powell and Mahoney.
Perfect Day Helps Nestlé Build Animal-Free Dairy Beverage
Nestlé's U.S. R&D Accelerator has partnered with animal-free dairy company Perfect Day to launch an alternative dairy "novel product" that will pilot in the U.S. market later this year.
Taste Radio: Brooklyn, She Did It. Her Way. And With No Outside Capital.
Chitra Agrawal, the founder and CEO of Brooklyn Delhi, a brand of Indian-inspired pantry staples crafted for modern kitchens, spoke about why consumer education requires patience, how she leveraged the brand’s strengths to win over Whole Foods and why profitability has always been top of mind. She also explained how she created favorable contracts with co-manufacturers and how an omni-channel sales strategy has benefited the company.
Marketing: NFL Star Bobby Wagner Latest Athlete to Join Ladder Nutrition; Pink Cloud Beverages Hits the Catwalk at New York Fashion Week
Nutritional sports supplement maker Ladder announced Los Angeles Rams linebacker Bobby Wagner as the latest professional athlete to join the company as a brand ambassador and spokesperson.
NewAge to Sell DSD Arm to Legacy Distribution Group
As it navigates the Chapter 11 bankruptcy process, Utah-based direct selling company NewAge, Inc. announced last week it has entered a definitive agreement to sell its DSD distribution business to Colorado-based Legacy Distribution Group.
Solving The Problem Of Investment For Food And Beverage Brands
Ryan Williams, the former VP of Finance and Ops at RISE Brewing Co., has created a tool called the Food and Beverage Investor Database (FABID) which aims to help new entrepreneurs in the food and beverage industry navigate the complicated world of fundraising.
This Week’s New Products: Witch’s Brew & Spiced Apple Cider
In this week’s roundup of new products, Alani Nu and Spindrift take inspiration from Halloween and all things fall, while some brand like AVEC hold onto an “eternal summer.”
PowerPlant Partners Closes Fund III at $330M, Expands into Consumer Tech
Venture capital firm PowerPlant Partners announced today the close of its Fund III at $330 million. The fund will focus its investments solely in growth stage companies and consumer-facing brands "that are better for the people and planet."